Energy Transfer LP (NYSE:ET) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lessened its position in shares of Energy Transfer LP (NYSE:ET) by 29.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,793 shares of the pipeline company’s stock after selling 8,102 shares during the period. OneDigital Investment Advisors LLC’s holdings in Energy Transfer were worth $318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkley W R Corp increased its holdings in Energy Transfer by 11.6% during the 1st quarter. Berkley W R Corp now owns 5,334,494 shares of the pipeline company’s stock worth $83,912,000 after purchasing an additional 555,445 shares during the last quarter. GFS Advisors LLC raised its holdings in Energy Transfer by 19,380.5% during the third quarter. GFS Advisors LLC now owns 60,000 shares of the pipeline company’s stock worth $963,000 after purchasing an additional 59,692 shares in the last quarter. Cetera Investment Advisers lifted its position in Energy Transfer by 491.3% in the first quarter. Cetera Investment Advisers now owns 1,290,364 shares of the pipeline company’s stock worth $20,297,000 after purchasing an additional 1,072,144 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Energy Transfer by 35.3% in the third quarter. Oppenheimer & Co. Inc. now owns 961,030 shares of the pipeline company’s stock valued at $15,425,000 after buying an additional 250,771 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of Energy Transfer by 1,491.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,175,731 shares of the pipeline company’s stock worth $67,020,000 after purchasing an additional 3,913,266 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

ET has been the topic of a number of analyst reports. Bank of America assumed coverage on Energy Transfer in a report on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, UBS Group increased their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $20.00.

Energy Transfer Stock Up 4.0 %

Energy Transfer stock opened at $19.02 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. The firm has a fifty day moving average price of $16.61 and a two-hundred day moving average price of $16.16. The firm has a market cap of $65.12 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 0.55 and a beta of 1.66. Energy Transfer LP has a fifty-two week low of $13.11 and a fifty-two week high of $19.07.

Energy Transfer (NYSE:ET) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $20.77 billion during the quarter, compared to analysts’ expectations of $21.59 billion. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. As a group, analysts forecast that Energy Transfer LP will post 1.34 earnings per share for the current year.

Energy Transfer Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were issued a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend was Friday, November 8th. Energy Transfer’s payout ratio is 94.85%.

Energy Transfer Profile

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.